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Elevated oil prices due to geopolitical tensions are stoking inflation fears, solidifying expectations for further Fed rate hikes. This triggered a sharp sell-off in US Treasuries, sending yields to multi-year highs. Asian bond markets opened weaker, poised to follow the downward trend as investor attention remains fixed on interest rates and energy costs.
Read MoreBlockchain.com is reportedly planning an IPO aiming to raise around $500 million, targeting a valuation between $4-6 billion. The move comes amid a crypto market rebound, though recent listings of similar firms have faced significant post-IPO price declines.
Read MoreIran's Foreign Minister stated that Iran has delivered a proposal with specific conditions to the US via Qatari mediators, concerning the Strait of Hormuz. He announced his imminent return to Tehran, refusing to wait in New York for a US response. Qatar will relay any US reply through established channels.
Read MoreAMD has agreed to acquire AI startup World Labs for $8.2 billion in an all-stock deal. The acquisition brings renowned AI pioneer Fei-Fei Li and her research team into AMD. Li will join as Executive Vice President and Chief Scientist, reporting directly to CEO Lisa Su. This move significantly strengthens AMD's position in the competitive AI hardware market.
Read MoreThe SEC updated its crypto asset FAQ, clarifying that buyback announcements for functional, decentralized tokens without central control do not typically constitute an investment contract promise. However, if the system is immature and buybacks are pitched as profit-generating, securities laws may apply. The guidance also addresses staking tokens and network maintenance activities.
Read MoreSelf-proclaimed ‘Crypto King’ Aiden Pleterski goes on trial October 5 in Ontario for allegedly defrauding investors of ~$30 million through fake crypto investment promises. He faces up to 14 years if convicted, amid revelations he was kidnapped and tortured by angry victims in 2022.
Read MoreOn September 29, offshore yuan (CNH) rose 100 pips against the US dollar to 6.7127, ending a four-day losing streak. Trading ranged between 6.7263 and 6.7104, signaling a shift in market sentiment.
Read MoreA crypto-backed PAC has spent $11.4 million on ads opposing Senator Sherrod Brown's re-election, part of a massive $30 million effort to block the crypto-skeptic Democrat. The Ohio Senate race saw over $300 million in outside spending, highlighting the industry's growing political clout.
Read MorePresident Putin has signed a decree expanding Russia's military personnel to 2.44 million, including 1.55 million active-duty troops. This marks the fourth expansion since early 2026, drawing international attention to Russia's long-term strategic posture.
Read MoreSpaceX's Starship achieved its first orbital flight on September 28, successfully deploying 26 next-generation Starlink V3 satellites. This milestone marks significant progress towards full reusability. However, the planned 10-hour orbital mission ended abruptly after just 3 hours, with the vehicle splashing down in the Pacific. The cause remains undisclosed.
Read MoreGoldman Sachs has connected its roughly $100 billion Treasury fund, FTIXX, to the Lynq digital asset settlement network. This provides institutional crypto firms with a new channel for cash management and fund subscription, signaling deeper integration between traditional finance and digital asset infrastructure.
Read MoreAmid tightening liquidity in private assets, the SEC has issued guidance stressing robust valuation practices and transparent risk disclosure. This statement signals heightened regulatory focus on how firms value illiquid holdings and communicate risks to investors.
Read MoreIranian officials have denied media reports suggesting flexibility in nuclear negotiations, calling them inaccurate. They accuse the US of diverting attention from its difficulties in the Strait of Hormuz by highlighting nuclear issues, and reaffirm that Iran's stance remains unchanged with no current discussions underway.
Read MoreU.S. and Iranian officials resumed talks through mediators on September 28, focusing on revising Iran's proposal to reopen the Strait of Hormuz within seven days. The discussions signal a potential easing of tensions between the two nations.
Read MoreOn September 29, all three major U.S. stock indices closed lower, with the Nasdaq leading declines. Tech stocks, particularly in optical communications and memory chips, saw significant losses. Gold mining shares also fell broadly. Notably, Nvidia bucked the trend with a modest gain and announced a major expansion of its stock buyback program.
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